Haruko to boost digital asset management with Stacks integration
Haruko, a leading provider of digital asset solutions for institutions, has announced its intention to integrate with Stacks (STX), the top Bitcoin (BTC) Layer-2 (L2) solution, as revealed to Finbold on June 7.
The integration is aimed at simplifying the management of Stacks exposure for institutional investors and utilizing Bitcoin as a programmable asset.
Mitchell Cuevas, Executive Director at the Stacks Foundation, highlighted the importance of this partnership, saying:
“By collaborating with top-tier platforms like Haruko, Stacks becomes more accessible to major players, thereby supporting the global growth of the Bitcoin economy.”
Enhanced investment and risk management for institutional investors
Through the integration of Stacks into Haruko, institutional investors will have the ability to invest in, monitor, and manage their STX investments alongside other assets.
This advancement will enable hedge funds and other institutional investors to trade, manage risks, and generate reports for their STX holdings using Haruko’s centralized platform.
Additionally, clients of Haruko will benefit from increased transparency and control, allowing them to manage risks more effectively while taking advantage of the security and stability provided by the Stacks blockchain.
The integration also promises simplified management of Stacks exposure and Bitcoin-based digital assets, seamless consolidation of transactions, smart contracts, and non-fungible tokens (NFTs), as well as enhanced security and stability through Stacks.
Paving the way for the introduction of sBTC
This integration underscores Haruko’s dedication to offering innovative solutions for institutional digital asset management. Stacks also provides robust smart contract functionality and decentralized applications (dApps), positioning it as a key player in the digital asset landscape.
With the upcoming 2024 Nakamoto release, Stacks is poised to deliver faster transaction speeds and improved security, setting the stage for the introduction of sBTC, a programmable Bitcoin asset.
The collaboration between Haruko and Stacks will open up new opportunities for institutional investors, allowing them to fully utilize the potential of passive BTC capital.
